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Congo miners seek code concessions

Bloomberg Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer. Producers including Glencore and Randgold have opposed the new code that raised royalties, introduced ...

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Australia is wrestling with saving Great Barrier Reef

Bloomberg Ask four Australians why the Great Barrier Reef is bleaching, and you’ll hear four different answers. A travel agent in Brisbane says it’s because of the cyclone that hit last year. Another one just down the street blames “some sort of starfish.” A tour guide in Cairns says bleaching is a natural part of the coral life cycle; another, ...

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Italian branded suits latest victim of trade war in China

Bloomberg The ongoing trade war with the US is hitting Chinese consumers psychologically, causing a slowdown for luxury goods in the second half of the year, said Italian menswear maker Ermenegildo Zegna Group. “In the past few months, I would say there has been a slowing down of consumption, and probably the consumer is becoming more careful in what he ...

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